Piper Jaffray Downgrades Express Inc. (EXPR) to Neutral
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March 13, 2014 7:57 AM EDT
Goldman Sachs maintained a Buy rating on Express Inc. (NYSE: EXPR) and reduced its price target to $20.00 (from $23.00). In the view of analyst Lindsay Drucker Mann, the stock isn't "broken."
"Our takeaways from the quarter are on balance negative, and we lower FY14 EPS to $1.23 from $1.70 to reflect 1Q demand softness, higher rent inflation,... More
March 13, 2014 6:21 AM EDT
FBR Capital downgraded Express Inc. (NYSE: EXPR) from Outperform to Market Perform with a price target of $16 citing caution on 2014 given headwinds.
Analyst Susan Anderson said, "While we admire EXPR's on-trend product, we acknowledge that on-trend product may not be sufficient in the... More
March 12, 2014 1:42 PM EDT
Stifel Nicolaus downgraded Express Inc. (NYSE: EXPR) from Buy to Hold.
For an analyst ratings summary and ratings history on Express Inc. click here. For more ratings news on Express Inc. click here.
Shares of Express Inc. closed at $18.24 yesterday, with a 52 week range of $16.34-$25.05.... More
March 12, 2014 7:03 AM EDT
Express (NYSE: EXPR) reported Q4 EPS of $0.57, $0.02 worse than the analyst estimate of $0.59. Revenue for the quarter came in at $715.9 million versus the consensus estimate of $722.02 million.
Michael Weiss, the Company's Chairman and Chief Executive Officer, noted that, "Our fourth quarter results were within the range of our revised guidance but disappointing nonetheless given the strength of our collection across both genders. We delivered positive comps for the quarter, but the heavier than planned pace of promotions impacted both top-line and margins. On the plus side, we ended the quarter with lean... More
